USACTNew HavenWooster Square527 Chapel St
Listing image | Image 1

527 Chapel St, New Haven, CT

House

For Sale

Listed price in listed location currency (USD).
$3,899,999

24160

MLS® 24206633

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 14692 sqft
Garage 
Taxes $63,732
Days Active 24
Lot Size 0.18 Acres
Approx. Age 1890
Avg. Price Per Sqft $265
MLS® Number 24206633

Property Address: 527 Chapel St, New Haven, CT, 06511-6906

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional opportunity to acquire a 16-unit multifamily property in the heart of Wooster Square. This approximately 14, 692 SF brick building features a desirable unit mix of eight 1-bedroom and eight 2-bedroom apartments. The property currently generates $29, 750 per month in in-place rental income, excluding two vacant units that provide immediate lease-up potential. At projected rents of $1, 900 and $2, 250 for the vacant units, total potential rental income is approximately $33, 900 per month / $406, 800 annually. The property offers additional value-add potential through continued unit improvements, rent optimization as leases turn over, and expansion of in-unit laundry. Nine of the sixteen units currently feature in-unit laundry. Separate utilities and natural gas heat help minimize owner-paid expenses. Parking is available nearby through the St. Andrew's Society for an additional fee, subject to availability and separate arrangement, providing tenants with a convenient parking in this highly walkable neighborhood. Ideally situated near Wooster Square Park, Downtown New Haven, Yale University, restaurants, public transportation, and major highways, 527 Chapel Street offers investors a compelling combination of strong in-place income, immediate lease-up opportunity, and long-term value-add potential. 16 Units * 8 One-Bedrooms * 8 Two-Bedrooms * 14, 692 SF * 9 Units with In-Unit Laundry * $29, 750/Month In-Place Rent * $33, 900/Month Potential. Agent/Owner.
MLS® Number24206633
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
BasementFull
Driveway
Garage Spaces
HeatNatural Gas, Gas on Gas, Hot Water
A/CWall Unit

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 14, 2026List Date
$3,899,999List Price
Jun 14, 2024End Date
$3,250,000Sold Price

Sold

Apr 24, 2024List Date
$3,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
527 Chapel St, New Haven, CT

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